Renishaw (LON:RSW) Rating Increased to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Renishaw (LON:RSWFree Report) to a buy rating in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have GBX 6,090 price target on the stock.

Several other equities analysts have also recently weighed in on the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 6,300 price objective on shares of Renishaw in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Renishaw from GBX 4,960 to GBX 5,600 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 5,996.67.

Check Out Our Latest Research Report on Renishaw

Renishaw Price Performance

LON:RSW opened at GBX 5,110 on Thursday. Renishaw has a 52 week low of GBX 3,110 and a 52 week high of GBX 5,490. The firm has a market cap of £3.72 billion, a price-to-earnings ratio of 50.15, a P/E/G ratio of 3.73 and a beta of 1.13. The firm’s 50-day simple moving average is GBX 5,018.03 and its 200 day simple moving average is GBX 4,713.72. The company has a debt-to-equity ratio of 1.60, a quick ratio of 3.10 and a current ratio of 4.57.

About Renishaw

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We are a world leader in measuring and manufacturing systems.

Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they’re making. This technology also helps our customers to innovate their products and processes.

We are guided by our purpose: Transforming Tomorrow Together. This means working with our customers to make the products and the materials that are going to be needed for the future.

We believe that our purpose is incredibly relevant in today’s environment where the pace of change in technology is faster than ever.

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